Mircea Popsecu is a mostly forgotten figure in this space, but he was once a very impactful cultural figure early on before he slowly faded out of the wider public sphere to eventually “accidentally” drown off the coast of Costa Rica. He was quite an insane and eccentric figure, but he has left a lasting impact on this space. I would argue he is essentially the Godfather of what people these days consider “toxic maximalism,” although compared to people who claim that label today he would make them seem like overly sensitive and whiny children.

One of his most…

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As of September 25, 2024, U.S. Bitcoin ETFs reported a net inflow of 1,570 BTC, bringing the total Bitcoin holdings to 911,470 BTC. BlackRock’s IBIT ETF led the inflows with a significant addition of 1,548 BTC, increasing its total holdings to 359,280 BTC. Fidelity’s FBTC ETF also saw growth, adding 262 BTC to reach 177,722 BTC.

Grayscale’s GBTC ETF experienced the largest outflow, losing 646 BTC, reducing its total holdings to 220,967 BTC. In contrast, Bitwise’s BITB ETF gained 273 BTC, now holding 38,586 BTC, and Grayscale’s BTC ETF saw an inflow of 133 BTC, bringing its total to 33,665 BTC.

Other ETFs, including ARK Invest’s ARKB, VanEck’s HODL, and Valkyrie’s BRRR, reported no changes for the day. Overall, the day’s net inflow of 1,570 BTC, valued at $99.5 million, reflects strong institutional interest in Bitcoin, with prominent funds continuing to increase their positions in the cryptocurrency.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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VanEck, a $100 billion asset manager, predicts that Solana could reach 50% of Ethereum’s market cap, with a potential price target of $330, as the network continues to close the gap on Ethereum. Known for its fast transaction speeds and low fees, Solana has long been seen as a top competitor to Ethereum, and recent developments suggest it’s finally gaining the momentum needed to challenge the second-largest cryptocurrency.

The surge of interest in Solana is fueled by its impressive integrations with major firms like Franklin Templeton, Citigroup, PayPal, and Coinbase. VanEck’s report highlights that Solana processes 3,000% more transactions than Ethereum, has 1,300% more daily active users, and boasts transaction fees that are nearly 5 million percent cheaper than Ethereum’s.

As institutional investors begin to take notice, VanEck believes Solana is set to play a crucial role in the future of the crypto market, solidifying its position as a formidable Ethereum rival.

Report

A few days ago, a new initiative promoted by Prime Minister Netanyahu was announced – removing 200 shekel bills from circulation, as a first step to abolish cash altogether within a few years.

The official excuse? fighting financial crimes and black money in the Arab society.

As expected, this move – identical to India’s move in 2016 – will cause further destabilisation of Israel’s economy and of its citizens’ physical and mental states. A derivative of this economical shake up will ripple into Gaza who is relying on the Israeli shekel as its currency, and clearly, its population is heavily reliant on cash.

So let’s break it down.

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